BOOK Entries and schedules for unfinished jobs and completed jobs Instructions Chart of Account Amount Descriptions Journal IT Accounts Instructions Kurtz Fencing Inc uses a job order coatem. The following data summarize the operations related to production to March, the first month of operation a. Materials purchased on account. $45,000 b. Materials requisitioned and factory labor used: Job Materials 301 $ 1,850 3,150 Factory Labor $2.500 7,220 302 303 2.200 5,350 304 1.800 2.400 305 4,230 6 225 1,770 2,900 306 1,200 5,000 For general factory use c. Factory overhead costs incurred on account. $1,800 d. Depreciation of machinery and equipment, $2,500. e. The factory overhead rate is $30 per machine hour. Machine hours used: Assignment Main.do?invokeretakeAssignment session Locator progressie eBook Entries and schedules for unfinished jobs and completed jobs Instructions Chart of Accounts Amount Descriptions Journal 1 Account Instructions .. The factory overhead rate is $30 per machine hour. Machine hours used: Job Machine Hours 301 30 302 60 303 41 304 63 305 70 306 36 Total 300 1. Jobs completed: 301, 302, 303, and 305 9. Jobs were shipped and customers were billed as follows: Job 301, $8,500; Job 302, 516,150, Job 303, 513.400 Required: Journalize the entries to read the summarizeneatione Recantachments an indication March 31 Recomma dinprogrestale eBook Entries and schedules for unfinished jobs and completed jobs Instructions Chart of Accounts Amount Descriptions Journal IT Accounts Instructions Total 300 f. Jobs completed: 301, 302, 303, and 305 9. Jobs were shipped and customers were billed as follows: Job 301. $8,500; Job 302, S16,150: Job 300, $13,400 Required: 1. Journalize the entries to record the summarized operations. Record each them (items a-4) as an individuw entry on March 31. Record umg as 2 entries. Refer to the chart of accounts for the exact wording of the account titles. CNOW joumals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. 2. Post the appropriate entries to accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert memo account balances as of the end of the month. For grading purposes enter transactions in alphabetical order. Determine the correct ending balance. The ending balance label is provided on the left side of the account even when the ending balance is a credit. The unused cell on the balance line should be left blank 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account *Refer to the list of Amount Descriptions provided for the exact wording of the answer choices for text entries. ies and schedules for unfinished jobs and completed jobs nstructions Chart of Accounts: Amount Descriptions Journal !T Accoun structions Chart of Accounts CHART OF ACCOUNTS Kurtz Fencing Inc. General Ledger ASSETS REVENUE SI 110 Cash 410 Sales 121 Accounts Receivable 610 Interest Revenue 125 Notes Receivable le 126 Interest Receivable EXPENSES 510 Cost of Goods Sold 131 Materials M 132 Work in Process 133 Factory Overhead 520 Wage Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 134 Finished Goods DU 141 Supplies for eck My Work All work saved. les and schedules for unfinished jobs and completed jobs nstructions Chart of Accounts Amount Descriptions Journal !T ACC 533 Utilities Expense 534 Office Supplies Expense structions Chart of Accounts 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 191 Machinery and Equipment 192 Accumulated Depreciation- Machinery and Equipment 540 Administrative Expenses 561 Depreciation Expense- Machinery and Equipment 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable eck My Work All work saved. Instructions Chart of Accounts Amount Descriptions ! Journa Instructions Chart of Accounts LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary Check My Work nstructions Chart of Accounts Amount Descriptions Journal ! structions Chart of Accounts Amount Descriptions Amount Descriptions Balance of Work in Process, March 31 Finished Goods, March 31 (Job 305) Job No. 301 Job No. 302 Job No. 303 Job No. 304 Job No. 305 Job No. 306 meck My Work All work saved MinvokerabkeAssignments on Locatorkinprogress Book Entries and schedules for unfinished jobs and completed jobs Instructions Chart of Accounts Amount Descriptions Journal IT Accounts Journal Shaded calls have feed 1. Journaline the entries to record the summarcadesperation Record each ite (items a-t) as an individual entry on March 31 Recording as 2 entries. Refer to the chart of accounts for the exact worting of the account is CNOW jou als do not use ines for spaces or journal explanations. Every Sne on a journal page is used for debitor credentes Do not add explanations or skip a line between journal entries CNOW journals will automatically indent a credit entry when a credit amount is entered All transactions on this page must be entered (except for post ref(1) before you will receive Check My Work feedback. WAGE 10 JOURNAL Score: 11/225 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DENT CREDIT ASSETS TOUTY 1 2 Accounts Payable 45,000.00 1 Factory Overhead 45.000.00 ! 4 5 8 Check My Work Swit Submit Assignment for eBook Entries and schedules for unfinished jobs and completed jobs Instructions Chart of Accounts Amount Descriptions Journal T Accounts Joumal Shaded collack 1 TAccounts Shaded oliefok ac 2. Post the appropriate entries to accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes Insert memo account balances of the end Dd of the month. For grading purposes enter transactions in alphabetical order. Determine the correct ending balance. The ending balance label is provided on the left side of the account even when the ending balance is a credit. The unused call on the balance line should be left blank A Work in Process b 41,595 38,7557 f X 9.000 1 Bal 11,850 X 11.850 x Finished Goods 26,200 f 38,755 12,555 X Bal. 38,755 X Point 6 Wir ESITTE eBook Entries and schedules for unfinished jobs and completed jobs Instructions Chart of Accounts Amount Descriptions Journal T Accounts Schedule of Unfinished Jobs Schedule of Completed Jobs Schedule of Unfinished Jobs 3. Prepare a schedule of unfinished jobs to support the triance in the work in process account. Refer to the list of Amount Descriptions provided for the exact warding of the answer choices for text entries Question not attempted Score0/50 Kurtz Fencing Inc. Schedule of Unfinished Jobs Direct Labor Total Direct Materials Factory Overhead Job 1 3 4 0 Points Submit Assigner Save and Exit AnmentMain.doinvokerStakstmentsessionLocatorenprogresse eBook Entries and schedules for unfinished jobs and completed jobs Instructions Chart of Account Amount Descriptions Journal T Accounts Schedule of Completed Jobs Shaded custowed 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Refer to the list of Amount Description provided for the exact wording of the answer choloes for text entries Question not attempted. Score: 0721 Kurtz Fencing Inc Schedule of Completed Jobs Direct Materials Job Direct Labor Total 1 Factory Overhead 2 Points 01 Feedback Check My Work Include the direct materials, direct labor, and factory overhead for each finished job